In its 2013 Annual Report for its work with the Climate Investment Funds (CIF), the African Development Bank (AfDB) has indicated that it is supporting 16 national and one regional investment plans in renewables, forests, resilience and transport in Africa, and that more than half of the projects under those plans – including all projects addressing forests and climate resilience – have been approved by the Bank’s Board and are driving toward implementation.

As spelled out in Financing Change: the AfDB and CIF for a Climate-Smart Africa, this work is part of the Bank’s larger vision to support African nations’ efforts to achieve climate-smart growth. AfDB has dedicated $4.3 billion to clean energy since 2007 to become the largest financer of clean energy on the continent. Today, through the AfDB as a CIF implementing agency, 16 African countries – nearly one third of the continent’s 54 nations – are actively engaged in innovative and urgent climate-smart work, and 13 projects out of the AfDB CIF portfolio’s total of 25 have been approved and are beginning on-the-ground action.